Sanctuary Wealth Adds $1.2B Dial Square, Expanding UHNW Capabilities in California 

Sanctuary Wealth has welcomed Dial Square Private Wealth, an Orange County, CA-based advisory team managing $1.2 billion in client assets, to its network of partner firms. Co-founded by Jim Chiate and Tony Guinane—who began their partnership at Merrill Lynch in 2003 before moving their ultra-high-net-worth practice to UBS in 2013—Dial Square also includes Owen Galasso, VP and registered operations manager, and Nazgol Nekoomaram, VP and wealth associate. The team will custody assets with Charles Schwab and Goldman Sachs. 

“After building a remarkable practice in wirehouses, Jim and Tony, like many highly successful wealth managers limited by the employee model, decided to start their own firm, unlocking the valuable asset they have worked so hard to build while removing restrictions on what they can offer to their clients,” said Vince Fertitta, president of wealth management at Sanctuary Wealth. Chiate added that the value of independence was too compelling to ignore once they understood how the independent model had evolved over the past decade. 

The move adds to Sanctuary’s accelerating growth, with 16 new partner firms and more than $10 billion in client assets added over the past 12 months. Sanctuary’s national network now spans 125 partner firms across 32 states, overseeing and transitioning over $55 billion in assets. The addition of Dial Square follows last week’s onboarding of Fossil Rock Private Wealth via a strategic partnership with mFORCE Capital and builds on recent recruiting wins from BMO Wealth Management, Edward Jones, Merrill Lynch, and UBS in recent months.